| Course Description: |
| Fair Value Accounting: An Overview |
Michael Walker, CPA
10
Accounting
Basic
None
Interactive Self-Study
Online / CD-Rom / Textbook / Audio
10
Accounting
Basic
None
Interactive Self-Study
Online / CD-Rom / Textbook / Audio
Numerous FASB Standards have been issued requiring certain items to be
measured and reported at “fair value” on the Balance Sheet. Prior to the
release of SFAS 157 Fair Value Measurements, the concept of “fair value”
had never been formally defined in U.S. accounting literature. Since its
issuance in September 2006, SFAS 157 has become one the most
controversial accounting standards ever released. This course provides a
conceptual review of fair value accounting, as outlined in SFAS 157 and other
U.S. accounting standards. This review includes discussions on the ongoing
controversy surrounding its impact on the global economy, as well as the
current FASB & IASB proposals that will potentially require fair value
accounting for all financial instruments. Finally, this course will provide an
overview of the authoritative guidance for auditing fair value measurements
and disclosures, SAS No. 101.
measured and reported at “fair value” on the Balance Sheet. Prior to the
release of SFAS 157 Fair Value Measurements, the concept of “fair value”
had never been formally defined in U.S. accounting literature. Since its
issuance in September 2006, SFAS 157 has become one the most
controversial accounting standards ever released. This course provides a
conceptual review of fair value accounting, as outlined in SFAS 157 and other
U.S. accounting standards. This review includes discussions on the ongoing
controversy surrounding its impact on the global economy, as well as the
current FASB & IASB proposals that will potentially require fair value
accounting for all financial instruments. Finally, this course will provide an
overview of the authoritative guidance for auditing fair value measurements
and disclosures, SAS No. 101.
| Author: CPE Credits: Field of Study(s): Experience Level: Prerequisites: Delivery Method: Course Format: |
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